William Cavanaugh

WILLIAM CAVANAUGH, a 30-year professional in the commercial energy
industry, is Chairman, President and Chief Executive Officer of Carolina
Power & Light, a Raleigh, NC-based energy company. He came to CP&L in
1992 after a 23-year career at Entergy Corp. and its subsidiaries. At
Entergy, Cavanaugh held a number of management positions, including
Group President of Energy Supply; Chairman, CEO and Director for Entergy
Operations Inc.; and Chairman, CEO and Director of System Energy
Resources Inc. Earlier in his career at Entergy, he held management
positions with Arkansas Power & Light, Louisiana Power & Light and
Mississippi Power & Light. He assumed the role of CEO of CP&L in 1996
and Chairman in 1999. Mr. Cavanaugh earned a Bachelor’s Degree in
Mechanical Engineering from Tulane University in 1961. He also has
completed several utility management programs and the Harvard University
Advanced Management Program. Mr. Cavanaugh serves on the Board of
Directors of the U.S. Chamber of Commerce; the Governing Board of the
World Association of Nuclear Operators, on which he also serves as
Atlanta Center Chairman; the Board of Directors of the NC Business
Council of Management and Development; the Board of Visitors at the
University of North Carolina Kenan Flagler School of Business; the
President’s Council for the Tulane University School of Engineering; and
the Executive Committee and Board of Directors of the Nuclear Energy
Institute.